Money
Wausau Paper and HeartWare are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Wausau Paper Corp., up $2.93 to $10.22
Sweden-based SCA is buying the paper towel and tissue products company for $513 million in cash, marking a 41 percent premium.
Ryder System Inc., down $7.02 to $68.63
The commercial transportation company lowered its profit outlook for the third-quarter and full year, citing an execution issue.
Johnson & Johnson, down 54 cents to $95.45
The health care giant posted a 29 percent drop in third-quarter earnings, undercut by plunging sales of its hepatitis C medicine.
FMC Corp., down $1.18 to $36.35
The chemical company cut its outlook and will lay off up to 850 workers, citing the rapid devaluation of the Brazilian real.
Anheuser-Busch InBev SA, up $2.34 to $113.83
Brewer SABMiller accepted in principle an improved takeover offer from the rival brewer for 69 billion pounds, or $106 billion.
Twitter Inc., up 31 cents to $29.06
The social media company is laying off workers as CEO Jack Dorsey moves to cut costs.
Nasdaq
HeartWare International Inc., down $8.82 to $35.21
The medical device maker is investigating adverse events in patients involved in a paused clinical trial of its MVAD heart device.
Fastenal Co., down 86 cents to $37.95
The industrial and construction supplies company reported better-than-expected third-quarter profit, but revenue fell short.
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